Proposed approach for best practices of Shari'ah corporate governance in the Malaysian Islamic capital market

With the rapid growth of Islamic finance industry, the countries offering Islamic products should be preparing standards and guidelines to cater for current market needs to ensure that the industry is operating in a conducive environment. Since Malaysia strives to position itself as a hub for Islami...

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Main Authors:	Kasim, Nawal, Htay, Sheila Nu Nu, Salman, Syed Ahmed
Format:	Article
Language:	English English
Published:	MAXWELL Scientific Publisher Corporation 2014
Subjects:	BP173.75 Islam and economics HF5410 Marketing. Distribution of products
Online Access:	http://irep.iium.edu.my/51986/ http://irep.iium.edu.my/51986/ http://irep.iium.edu.my/51986/1/51986_Proposed%20approach%20for%20best%20practices%20of%20Shari%27ah.pdf http://irep.iium.edu.my/51986/2/51986_Proposed%20approach%20for%20best%20practices%20of%20Shari%27ah_SCOPUS.pdf

id	iium-51986
recordtype	eprints
spelling	iium-519862017-09-20T03:48:44Z http://irep.iium.edu.my/51986/ Proposed approach for best practices of Shari'ah corporate governance in the Malaysian Islamic capital market Kasim, Nawal Htay, Sheila Nu Nu Salman, Syed Ahmed BP173.75 Islam and economics HF5410 Marketing. Distribution of products With the rapid growth of Islamic finance industry, the countries offering Islamic products should be preparing standards and guidelines to cater for current market needs to ensure that the industry is operating in a conducive environment. Since Malaysia strives to position itself as a hub for Islamic finance, it must ensure that it proactively works towards moulding the industry. With the needs of the industry, the Central Bank of Malaysia has issued the Shari'ah Governance Framework for Islamic banks and Takaful. This was necessary in view of the lack of guidelines best practices in Shari'ah corporate governance in the Malaysian Islamic capital market. To this end, this study seeks to determine the approach best suited to establish a framework of Shari'ah corporate governance for listed companies in Malaysia. The interview results show that the hybrid approach is best suited to provide the general guidelines as a reference while accommodating the flexibility of Islamic law. © Maxwell Scientific Organization, 2014. MAXWELL Scientific Publisher Corporation 2014 Article PeerReviewed application/pdf en http://irep.iium.edu.my/51986/1/51986_Proposed%20approach%20for%20best%20practices%20of%20Shari%27ah.pdf application/pdf en http://irep.iium.edu.my/51986/2/51986_Proposed%20approach%20for%20best%20practices%20of%20Shari%27ah_SCOPUS.pdf Kasim, Nawal and Htay, Sheila Nu Nu and Salman, Syed Ahmed (2014) Proposed approach for best practices of Shari'ah corporate governance in the Malaysian Islamic capital market. Research Journal of Applied Sciences, Engineering and Technology, 8 (20). pp. 2146-2149. ISSN 2040-7459 E-ISSN 2040-7467 http://www.maxwellsci.com/jp/abstract.php?jid=RJASET&no=507&abs=09
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	BP173.75 Islam and economics HF5410 Marketing. Distribution of products
spellingShingle	BP173.75 Islam and economics HF5410 Marketing. Distribution of products Kasim, Nawal Htay, Sheila Nu Nu Salman, Syed Ahmed Proposed approach for best practices of Shari'ah corporate governance in the Malaysian Islamic capital market
description	With the rapid growth of Islamic finance industry, the countries offering Islamic products should be preparing standards and guidelines to cater for current market needs to ensure that the industry is operating in a conducive environment. Since Malaysia strives to position itself as a hub for Islamic finance, it must ensure that it proactively works towards moulding the industry. With the needs of the industry, the Central Bank of Malaysia has issued the Shari'ah Governance Framework for Islamic banks and Takaful. This was necessary in view of the lack of guidelines best practices in Shari'ah corporate governance in the Malaysian Islamic capital market. To this end, this study seeks to determine the approach best suited to establish a framework of Shari'ah corporate governance for listed companies in Malaysia. The interview results show that the hybrid approach is best suited to provide the general guidelines as a reference while accommodating the flexibility of Islamic law. © Maxwell Scientific Organization, 2014.
format	Article
author	Kasim, Nawal Htay, Sheila Nu Nu Salman, Syed Ahmed
author_facet	Kasim, Nawal Htay, Sheila Nu Nu Salman, Syed Ahmed
author_sort	Kasim, Nawal
title	Proposed approach for best practices of Shari'ah corporate governance in the Malaysian Islamic capital market
title_short	Proposed approach for best practices of Shari'ah corporate governance in the Malaysian Islamic capital market
title_full	Proposed approach for best practices of Shari'ah corporate governance in the Malaysian Islamic capital market
title_fullStr	Proposed approach for best practices of Shari'ah corporate governance in the Malaysian Islamic capital market
title_full_unstemmed	Proposed approach for best practices of Shari'ah corporate governance in the Malaysian Islamic capital market
title_sort	proposed approach for best practices of shari'ah corporate governance in the malaysian islamic capital market
publisher	MAXWELL Scientific Publisher Corporation
publishDate	2014
url	http://irep.iium.edu.my/51986/ http://irep.iium.edu.my/51986/ http://irep.iium.edu.my/51986/1/51986_Proposed%20approach%20for%20best%20practices%20of%20Shari%27ah.pdf http://irep.iium.edu.my/51986/2/51986_Proposed%20approach%20for%20best%20practices%20of%20Shari%27ah_SCOPUS.pdf
first_indexed	2023-09-18T21:13:43Z
last_indexed	2023-09-18T21:13:43Z
_version_	1777411422463983616

Proposed approach for best practices of Shari'ah corporate governance in the Malaysian Islamic capital market

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